The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-10
THE CANVASS STILL GOES ON
And the Subscriptions to Trust Com
pany Stock Continue to Come In.
1921. 325-State Geologist Thompson De-
votes His Animal Report to Gas.


| Trust Company, in order to reach every class of
people for subscriptions to its capital stock, dis
tributes the work among the many who volun-
| teered to take it in charge. The ward meetings,
| where enthusiasm the rule, did not afford
much opportunity to discriminate as to the eff
cheney this line of soliciting required, but the
| company has been lucky in procuring those who
went at it with a zeal which for a week has been
maintained without any dirninution of effort to
bring the subscriptions up to the amount needed
1t is recognized by the directors that they can
do nothing of a definite character toward nego-
tating for leases pipe until the $500, 900 has
been subscribed without danger of material loss
In assessments. This latter feature has been
carefully taken into account, but as far as the
subscriptions have been examined it is
said the falling off by failure to
meet the assessments will be small,
as the subscribers represent substance
and sincerity well enthusiasm. Of course,
the great reliance is in the manufacturers and
men of means, from whom it is expected one
half the amount viii be raised. The people, it
is hoped, will do the rest in small subscriptions,
and so far the responses from this class have
been very favorable. Among the workingmen
in some factories subscriptions have been made
with the understanding that the employer is to
retain 81 week out of the individual wages
t ans atoe an the payments are Tn. made on
this plan, and of the men in his employ twenty
five have taken stock. Hetherington & Berner
adopted it, as did the Carpenters Union, the
Atlas works, and the Eagle machine works, and
IN each instance it has been successful in get
ting subscriptions which perhaps could not
have been otherwise procured. 1t is among the
people that the greater part of the work is to be
done from this time on, although. as yester-
day, some canyassers still report large sub
scriptions.
1t was said a few days ago that many of
those who could put their signatures to large
blocks Of shares were interested as stockholders
in other companies. From them no help
has done lies in an entirely new field. One of
the trusts directors said last night, 1--WE think
we can count on five thousand subscribers each
one of whom will take gas, of course, from this
company"
That number" it was suggested, "covers
large portion of the consumers"
NO, not by any means. should think the
number of consumers in indianapolis will
amount to 20. 600. There will be plenty of room
for competition through as many companies
as may think it profitable to come into the city.
But honestly think will get 900 of them.
With an additional number, not stockholders,
we can obtain, it is not improbable that we will
eventually have the biggest share of consumers
on our books 1t is given out that if in day
or two the subscriptions should drag, those who
are already down for large amounts will
increase them so as to insure the success of tho
effort but it is not impossible the number of
subscribers mentioned will be procured, though
the work is likely to continue until next week.
Some of the canvassers fulfilling their
pledges at the outset that they would devote
their time to the movement and instead of one
book are having two and three filled In this
way the spirit of the work is sustained with
promises from persons to see that certain spec
clal subscriptions advanced
Last night the directors went through the
subscription books that had been returned.
There have been two issues of these books, in the
first OF which 200 were given out. and the
other ~, the latter being placed in the hands
of canvassers since Monday. One set in each
issue has only twenty-five shares to each book,
while the books of another set contain fifty
criminately. The directors called for the re-
turn of 200 books yesterday, but of the first
126 were returned, while seventeen of the sec
o el,i issue came in, giving in all, LAB from
subscribed The agsregste Of the sub
scrIptions these I43 books was 1924. 325,
leaving "A books of the first and 275 of the
second issue to be heard from. 1t was com
least, must be obtained to the full
amount required With these figures before
them the directors held q consultation, which
resulted in determination to push the canvass
vigorously the rest of the week and all of next
week If necessary.
The indianapolis company has two miles of
pipe laid from New Britain, where the line
strikes the right-of-way secured along the Lake
Erie & Western railroad. The company has de-
cided to down that road and then to
branch at the Belt in order to make the subur-
ban towns. Its position in regard to the ordi-
nance remains unchanged In fact, the COM
pany is not taking much account of that docu-
nent, as it prefers to let events in regard to
amendments shape themselves. There is some
indication that the committee will at the next
meeting Of the Council, report favorably on the
amendments that are admitted by all concerned
to be necessary, but the prices viii no doubt re-
main as they are